Dow'Futures was more than 25 points down today morning but now 46 points up after sudden surge. Indian markets also got support at lower levels and not moved down fast even after Inflation increasing negative news today. All the Global markets responded US Futures sharp surge and moved up fast.
Indian markets also runs out of Red zone and now trading in Green after good up moves. Next strong resistances between 5700-5733 and follow up consolidation is required for sustaining above it. Nifty is range bound between 5640-5733 with higher levels selling and lower levels supports therefore not prepared for any side decisive moves. Let market prepare and if follow up consolidation happen then next rally will be seen after overcoming above mentioned resistance range.